EPISODE · Jun 8, 2026 · 20 MIN
What Hath God Wrought: The FBAR Edition - A Trip Down Memory Lane From 2012
from PREP Podcaster - ”Success Favours The PREPared Mind” · host prep
June 7, 2026 - More on Mr. FBAR Podcast based on an old Phil Hodgen post from 2012 - Note how little has changed! https://web.archive.org/web/20130813183109/https://hodgen.com/what-hath-god-wrought-fbar-edition/ AI generated "This source criticizes the aggressive enforcement of U.S. international tax laws, specifically focusing on the Foreign Bank Account Report (FBAR) and its impact on dual citizens living abroad. The author argues that federal agencies often ignore the unintended consequences of draconian penalties, which frequently penalize ordinary individuals who have no functional connection to the United States. By highlighting a specific case of a Canadian resident, the text illustrates how citizenship-based taxation can lead to significant psychological and financial distress for those caught in the regulatory "meat grinder." Commenters within the text further suggest that these policies represent a form of fiscal imperialism that contradicts fundamental human rights regarding movement and residency. Ultimately, the article serves as a plea for the IRS and Treasury Department to exercise more discretion and empathy rather than relying on intimidation tactics."
What this episode covers
June 7, 2026 - More on Mr. FBAR Podcast based on an old Phil Hodgen post from 2012 - Note how little has changed! https://web.archive.org/web/20130813183109/https://hodgen.com/what-hath-god-wrought-fbar-edition/ AI generated "This source criticizes the aggressive enforcement of U.S. international tax laws, specifically focusing on the Foreign Bank Account Report (FBAR) and its impact on dual citizens living abroad. The author argues that federal agencies often ignore the unintended consequences of draconian penalties, which frequently penalize ordinary individuals who have no functional connection to the United States. By highlighting a specific case of a Canadian resident, the text illustrates how citizenship-based taxation can lead to significant psychological and financial distress for those caught in the regulatory "meat grinder." Commenters within the text further suggest that these policies represent a form of fiscal imperialism that contradicts fundamental human rights regarding movement and residency. Ultimately, the article serves as a plea for the IRS and Treasury Department to exercise more discretion and empathy rather than relying on intimidation tactics."
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What Hath God Wrought: The FBAR Edition - A Trip Down Memory Lane From 2012
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